Goldman Sachs Maintains Sell on Valero Energy, Raises Price Target to $171
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta has maintained a Sell rating on Valero Energy (VLO) but raised the price target from $130 to $171.

March 22, 2024 | 3:43 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on Valero Energy but increases the price target from $130 to $171.
The maintenance of a Sell rating by a major analyst firm like Goldman Sachs suggests a negative outlook on the stock's performance. However, the increase in the price target from $130 to $171 indicates a recognition of some underlying value or potential that was previously underestimated. This mixed signal could lead to short-term volatility in the stock's price as investors digest the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100